RENZE HARVEST (01282) intends to sell Hong Kong property for approximately HKD 38.206 million.

RENZE HARVEST (01282) announced that on April 29, 2026, the seller Ultra Glory Investments Limited (an indirect wholly-owned subsidiary of the company) and the buyer Gourmet Dining Group Limited entered into an agreement, whereby the seller agreed to sell and the buyer agreed to purchase a property for a total consideration of HKD 38.206 million. The property is located at Unit 1908, 19th Floor, Tower 2, LIPPO Centre, 89 Queensway, Hong Kong, and is intended for commercial use. The company believes that the Hong Kong property market, especially in the commercial and industrial property sectors, is unlikely to recover in the short term. The company sees the sale as an opportunity to realize part of its assets to improve its liquidity position in light of the current market conditions. The terms of the sale were reached after fair negotiations and extensive search for willing buyers who could offer a reasonable and acceptable price. The net proceeds from the sale will be used to repay the group's existing debts, thereby reducing the group's financial costs and improving its overall financial position, which is in the best interest of the company and its shareholders.